A coalition fighting state legislation that would set utility rates by formula will hold a rally at 1 p.m. Monday at Trinity United Church of Christ on the South Side.

The legislation — HB 14 — is backed by Commonwealth Edison, which is pitching it as a better, more streamlined process that would allow utilities to reliably plan for capital investments aimed at modernizing the electrical grid.

A coalition against the bill that includes AARP, the Illinois Attorney General, Citizens Utility Board and several community organizations, have called the bill a “Trojan horse” that would allow ComEd and other utilities to bypass the 11-month regulatory review process that determines utility rates, while locking in higher profits.

The rally begins at 1 p.m. at 400 W. 95th St. A press conference follows in the parking lot of St. Matthew-Gordon AME Zion Church at 9448 S. Eggleston Ave.

jwernau@tribune.com